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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (5264)	6/8/2000 10:21:00 AM
From: LLCF	Read Replies (2) \| Respond to of 5676

<.most money managers will btw. admit privately that they see the bubble for what it is, but at the same time profess to have 'no choice' but to participate in it.> The CFA program has for years been wringing it's hands over the increased use of year to year performance comparisions let along 1/4 by 1/4 that we see now... their warning that such performance criteria is dangerous has been promptly ignored AND RIGHTLY SO by anyone trying to increase assets under management as their primary goal... unfortunately that must be the goal of any manager looking to better his bottom line in the mainstream investment community [ie. non-hedgefund]. DAK

To: pater tenebrarum who wrote (5264)	6/8/2000 10:42:00 AM
From: Don Lloyd	Read Replies (1) \| Respond to of 5676

hb - [...one day of course the chaotic system that is the stock market will in the words of Johanson and Sornette "become orderly in the sense that all participants try to do the same thing at the same time, i.e. sell". that's going to be our several sigma MCHVE (mass correlated hyper volatility event). a.k.a. LLCF (lock limit cluster f...)<g>...] When/if they get enough of the exchanges/etc. connected together the problem may the spontaneous generation of order in the form of a self-aware exchange, instantly destroying technical analysis. -g- Regards, Don